• The British Pound has slipped lower against US dollar, after failing to break resistance level located at 1.4950. The pair declined to hit low at 1.4863 after The US rate hike sparked dollar demand across the board on Thursday. 
  
  
• As long the pair trades below strong resistance zone located at 1.5000 levels, the ongoing bearish trend for the pair is set to continue. Therefore its good sell to this pair on rallies.
  
  
• To the upside, immediate resistance can be seen at 1.4952, a break above this level will expose the cable towards next resistance level at 1.5000.
  
  
• To the downside immediate support can be seen at 1.4904, a break below will open the door towards next level at 1.4857.
  
  Recommendation: Go short below 1.4930, targets 1.4880, 1.4840, SL 1.5000
  
  Resistance Levels
  
  R1: 1.4950 (61.8% Retracement Level)
  
  R2: 1.5000 (Psychological Level)
  
  R3: 1.5095 (Dec 17th high)
  
  Support Levels
  
  S1: 1.4904 (50% Retracement Levels)
  
  S2: 1.4857 (38.2% Retracement Level)
  
  S3: 1.4801 (23.6% Retracement Level)